Investing.com - Saipem reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Saipem announced earnings per share of €-0.06 on revenue of €3.68B. Analysts polled by Investing.com anticipated EPS of €-0.0191 on revenue of €1.96B.
Saipem shares are up 37.35% from the beginning of the year, still down 34.23% from its 52 week high of €3.64 set on February 26, 2020. They are outperforming the STOXX 600 which is up 3.19% from the start of the year.
Saipem shares lost 100.00% in pre-market trade following the report.
Saipem follows other major Energy sector earnings this month
Saipem's report follows an earnings missed by Saipem Pref on Friday, who reported EPS of €-0.06 on revenue of €3.68B, compared to forecasts EPS of €-0.0191 on revenue of €1.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar